392 Tbd County Rd

Stephenville, TX 76401

$2,000,000
Price
—
Beds
—
Baths
20,000 Sq. Ft.
$100 / Sq. Ft.
20,000
Sq. Ft.
$100
per Sq. Ft.
a view of a garden with a building in the background
an aerial view of a houses with a yard
a view of a garden with a outdoor space
a view of a house with a yard
a view of a house with a backyard
a view of a lake
a view of a house with a yard
a view of a house with a yard
a view of a house with backyard and a tree
a house view with a garden space
a view of a house with backyard
a view of a lake view
a view of a backyard
a view of storage and utility room
a view of a swimming pool with an outdoor seating
a view of a house with backyard and porch
a brick house next to a yard with big trees
a front view of a house with a garden

Description

Turnkey income producing rental property now available for the first time and ready for a new owner to expand on its potential. The property fronts paved county road 392, just south of Lingleville, west of Stephenville, and North of Dublin in the productive cattle and horse country. Highlights of this multi-dimensional property include a 11 rental units with an established seven figure rental income and full occupancy. Rentals consist of five double-wides, four single-wides, and a set of duplexes....Turnkey income producing rental property now available for the first time and ready for a new owner to expand on its potential. The property fronts paved county road 392, just south of Lingleville, west of Stephenville, and North of Dublin in the productive cattle and horse country. Highlights of this multi-dimensional property include a 11 rental units with an established seven figure rental income and full occupancy. Rentals consist of five double-wides, four single-wides, and a set of duplexes. The mobile homes have been very well cared for, updated and maintained regularly, and currently being re-sided with matching metal. Horse facilities consist of 20+ horse stalls and loafing sheds, 19 turnouts, and lighted arena. Contact our team for additional information and details. A full packet is available upon request to Brokers, Agents and qualified buyers.
  1. Listed by Kasey Mock • TREC #0636589 • Keller Williams Brazos West • (512) 275-6625

Property Details for 392 Tbd County Road

Subdivision Name
Wilson
Pool
No
Number Of Parking Spaces
30
LISTING UPDATED: 08/28/2025 04:20 PM

Property Details for 392 Tbd County Road

StatusActive
MLS #20964856
Days on Market203
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Single Units
Year Built1985
Lot Size17.50 AC / 762,300 SF
CountyErath County

Location

Listing Courtesy of Keller Williams Brazos West, Kasey Mock
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Building Information for 392 Tbd County Road

Stories-Residences13Year Built1985Building Size-Lot Size17.50 AC / 762,300 SF

Payment Calculator

$9,883 per month

30 year fixed, 6.28% Interest

Principal and Interest

$9,883

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 392 Tbd County Road

Summary
Location and General Information
  • Community Features: Horse Facilities
  • Complex Name: Wilson
  • Directions: From HWY 8 west of Stephenville, turn west on CR 392, and go 2.9 miles. The Property is on the left past CR 383. From FM 219 south of Lingleville, turn east on CR 392 and go .75 mile. The property will be on the right (south side).
  • Elementary School: Linglevill
  • Elementary School Name: Linglevill
  • High School: Linglevill
  • High School Name: Linglevill
  • Middle School: Linglevill
  • Senior Community Yes/No: No
  • Year Built Details: Preowned
  • School District: Lingleville ISD
  • Geocode Confidence: High
  • Latitude: 32.22
  • Longitude: -98.35
  • State: Texas
Parking
  • Parking Features: Common
  • Attached Garage: No
  • Garage: No
Taxes and HOA Information
  • Association Type: None
  • Special Taxing Entities: No
Virtual Tour
Interior and Exterior Features
Interior Features
  • Fireplaces Total: 0
  • Flooring: See Remarks
  • Heating: Central
  • Interior Features: Other
  • Appliances: Other
  • Cooling: Central Air
  • Smart Home Features Appor Pass Y: No
Exterior Features
  • Building Area Source: See Remarks
  • Construction Materials: Metal Siding, See Remarks
  • Exterior Features: Stable/Barn
  • Fencing: Cross Fenced, Perimeter
  • Foundation Details: Combination
  • Roof: Metal
  • Waterfront: No
  • Horse Permitted: Yes
  • Number Of Units Total: 13
  • Levels: Multi/Split
Property
Utilities
  • Utilities: Cable Available, Co-op Electric, Septic, Well
Property and Assessments
  • Accessory Unit: No
  • Financing Proposed: 1031 Exchange, Cash, Conventional
  • Concessions YN: No
  • Handicap: No
  • Loan Type: Treat As Clear
  • Property Match: APN
Lot Information
  • Dock Permitted: No
  • Lot Features: Acreage, Agricultural, Cedar, Oak, Pasture
  • Lot Size: 10 to < 50 Acres
  • Lot Size Acres: 17.5
  • Lot Size Area: 17.5
  • Lot Size Units: Acres
  • Lot Size Square Feet: 762300.0
  • Multi Parcel ID: Yes
  • Parcel Number: R000014828
  • Parcel Number 2: R000073872
  • Lake Pump: No
Multi Family
Multi-Family Information
  • Number Of Buildings: 13
  • Capitalization Rate: 6.78%
  • Gross Annual Expenses: $24,000
  • Gross Annual Income: $159,600
  • Insurance Expense: $2,500
  • Tenancy: Other
  • Net Operation Income: $135,600.00

Property History for 392 Tbd County Road

DateEvent & SourcePriceAppreciation
Jun 10, 2025

Listed (Active)

NTREIS #20964856

$2,000,000—
DateEvent & SourcePrice
06/10/2025

Listed (Active)

NTREIS #20964856

$2,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 392 Tbd County Road

This home is within Lingleville Independent School District.
Rating
School
Type
Grades
Distance
Lingleville School
Public - PK to 12
Rating
School
Distance
Lingleville School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 392 Tbd County Road, Stephenville, TX 76401

392 Tbd County Road is a multi-family home for sale in Stephenville, TX 76401. This property was listed for sale on June 10, 2025 by Keller Williams Brazos West, it's currently listed at $2,000,000. This listing's school district is Lingleville Independent School District. Nearby schools include Lingleville School. 392 Tbd County Road is a 0-bed, 0-bath, 20,000 sqft multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Brazos West, Kasey Mock

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2025 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 08/28/2025 04:20 PM